PTA (purified terephthalic acid) futures opened higher Wednesday in daytime trading on the Zhengzhou Commodity Exchange (ZCE).

The most active PTA contract for May 2021 delivery gained 4 yuan (about 60.97 U.S. cents) to open at 3,560 yuan per tonne.

As the world's largest producer and consumer of PTA, China listed PTA futures on the ZCE in 2006 and opened them to international investors in November 2018.

PTA, a commodity chemical and textile raw material, is a downstream product of petroleum and one of the most important bulk organic raw materials in China.

Source:
courtesy of XINHUA NEWS AGENCY

by XINHUA NEWS AGENCY

If you have any stories or news that you would like to share with the global online community, please feel free to share it with us by contacting us directly at [email protected]